7989 N Galena Ave · Citrus Springs, FL 34434

$236,500

3 bd · 2.0 ba · 1,409 sqft · Land · 45 Days on market

Built 2026 9,947 sqft lot

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +10.5/30.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• 1% rule +3.1/10.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.1/10.0

Listing remarks MLS

NEW CONSTRUCTION. MOVE-IN READY! Welcome to this beautiful New Anastasia Model in Citrus Springs, a 3-bedroom, 2-bathroom home with 1,409 square feet of living space and 2,057 total square feet. Built with quality concrete block construction, this home features a 30-year architectural shingle roof, energy-efficient double-pane windows, a 10-year structural warranty, and luxury vinyl plank flooring in the main living areas and bedrooms. The kitchen offers stainless steel appliances, custom white shaker cabinets with soft-close drawers, and granite countertops for a clean, modern look. The primary bedroom includes a tray ceiling with crown molding and a large walk-in closet, while the primary bathroom features a large shower and a double vanity with granite countertops. The second bathroom includes a tub with a shower and a single vanity with granite countertops. This home also includes multiple storage closets, a dedicated laundry room with washer and dryer hookups, covered front and rear porches, a shaker-finish gable, and an attached 2-car garage with an opener and remotes. Enjoy ownership freedom with no homeowners association fees and a high-and-dry location with no flood insurance required.

Key facts

• Granite countertops
• Soft-close drawers
• 9,947 sq ft lot

Tags

• 10-YEAR STRUCTURAL WARRANTY
• LUXURY VINYL PLANK FLOORING
• STAINLESS STEEL APPLIANCES
• CUSTOM WHITE SHAKER CABINETS
• SOFT-CLOSE DRAWERS
• GRANITE COUNTERTOPS

Property features AI

Finance

• Other: Lot approximately 0.23 acres (80x125); Builder-provided living area and building area measurements; Permit number BLD2508-0368; Zoned PDR
• HOA & community: Deed restrictions

Exterior

• Parking: Attached 2-car garage with 16x20 dimensions and garage door opener
• Utilities: Public water; Septic tank sewer; Electricity connected; Broadband/high-speed internet available; Water connected
• Home design: Single-family residence; New construction, completed; One level; Faces west
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built by Chris Underwood Construction LLC (Anastasia model)
• Exterior features: Covered front and rear porches; Patio; Exterior lighting; Sliding doors; Cleared lot; Paved surfaces; In-county location; Publicly maintained road

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Crown molding; High ceilings; Stone countertops; Thermostat; Tray ceiling; Vaulted ceilings; Walk-in closets; Double-pane windows; Smoke detector(s)
• Laundry & utility: Inside laundry room with washer and electric dryer hookups; Inside utility room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $236k.

Deal economics

• At list price, monthly cash flow is $-122 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (7.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $191k (19.1% below list).
• Recommended offer: $191k (19.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#521 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, health & safety C-, employment D+.
• Citrus (rural): math 49% / reading 50% proficiency, ranked #44 of 73 in FL (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 1247 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($69k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Citrus County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($229k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $23k; list at $236k implies a 928% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $191,383 (19.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 5.67%
• Cash-on-cash: -2.22%
• DSCR: 0.90
• GRM: 10.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.0%
• Equity multiple: 0.30×
• Total profit: $-46,095
• Equity at exit: $35,263

10-year hold

• IRR: -12.9%
• Equity multiple: 0.24×
• Total profit: $-50,065
• Equity at exit: $20,448

Cash invested: $66,220 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34434

• Home prices YoY: -2.9%
• Active inventory: 1247
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,914 high
• Mortgage (P&I): −$1,240
• Tax est. 1.5%: −$296 /mo · $3,548/yr
• Insurance: −$99
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $-122

Break-even live

Break-even rent $2,069

Max offer price $218,778

Occupancy floor —

Sensitivity live

Price	-10% $41	-5% $-41	+0% $-122	+5% $-204	+10% $-286
Rent	-10% $-274	-5% $-198	+0% $-122	+5% $-47	+10% $29
Rate	-1.0pp $-3	-0.5pp $-62	base $-122	+0.5pp $-184	+1.0pp $-246

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $59,125
• Closing costs: $7,095
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8030 N Galena Ave Citrus Springs, FL	4.0	2.0	1833	$2,150	$1.17	22d	1	0.06mi
7908 N Galena Ave Citrus Springs, FL	4.0	2.5	1551	$1,850	$1.19	22d	1	0.11mi
7708 N Paris Dr Dunnellon, FL	3.0	2.0	1415	$1,800	$1.27	22d	1	0.35mi
8267 N Santos Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	22d	1	0.43mi
8180 N Wakefield Dr Dunnellon, FL	3.0	2.0	1502	$1,695	$1.13	22d	1	0.57mi
8190 N Wakefield Dr Dunnellon, FL	4.0	2.0	1772	$1,750	$0.99	22d	1	0.59mi
696 W Hallam Dr Citrus Springs, FL	4.0	2.0	1797	$1,900	$1.06	22d	1	0.69mi
8398 N Jay Dr Dunnellon, FL	3.0	2.0	1541	$1,700	$1.10	22d	1	0.71mi
1912 W Quaker Ln Citrus Springs, FL	4.0	2.0	1636	$1,895	$1.16	22d	1	0.71mi
8450 N Travis Dr Citrus Springs, FL	4.0	2.0	1787	$1,900	$1.06	22d	1	0.76mi
904 W Rum Pl Dunnellon, FL	3.0	2.0	1453	$1,699	$1.17	22d	1	0.86mi
9018 N Mendoza Way Citrus Springs, FL	2.0	2.0	1225	$1,499	$1.22	22d	1	1.04mi
572 W Bluster Pl Dunnellon, FL	4.0	2.0	1630	$1,900	$1.17	22d	1	1.09mi
7175 N Varsity Ave Citrus Springs, FL	3.0	2.0	1428	$1,795	$1.26	22d	1	1.11mi
788 W Glenhaven Dr Citrus Springs, FL	4.0	2.0	1621	$1,800	$1.11	22d	1	1.19mi
754 W Deacon Pl Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	22d	1	1.26mi
9066 N Akola Way Citrus Springs, FL	3.0	2.0	1833	$2,150	$1.17	22d	1	1.27mi
9262 N Travis Dr Citrus Springs, FL	2.0	2.0	984	$1,395	$1.42	22d	1	1.28mi
9271 N Peachtree Way Unit 9271 Citrus Springs, FL	2.0	2.0	900	$1,300	$1.44	22d	1	1.29mi
9065 N Akola Way Citrus Springs, FL	3.0	2.0	1511	$1,795	$1.19	22d	1	1.30mi
9298 N Mendoza Way Citrus Springs, FL	3.0	2.0	1350	$1,800	$1.33	22d	1	1.30mi
9337 N Mendoza Way Citrus Springs, FL	2.0	2.0	984	$1,275	$1.30	22d	1	1.36mi
9437 N Travis Dr Citrus Springs, FL	2.0	2.0	972	$1,325	$1.36	22d	1	1.45mi
9475 N Camel Dr Dunnellon, FL	3.0	2.0	1670	$1,800	$1.08	22d	1	1.48mi
8006 N Voyager Dr Citrus Springs, FL	4.0	2.0	1636	$1,899	$1.16	22d	1	1.50mi

Listing history 29 events

1. 2026-06-21
   days on market $236,500 Active 45 DOM
2. 2026-06-19
   days on market $236,500 Active 43 DOM
3. 2026-06-18
   days on market $236,500 Active 42 DOM
4. 2026-06-17
   price $236,500 Active 41 DOM
5. 2026-06-17
   days on market $237,500 Active 41 DOM
6. 2026-06-16
   days on market $237,500 Active 40 DOM
7. 2026-06-15
   days on market $237,500 Active 39 DOM
8. 2026-06-14
   days on market $237,500 Active 37 DOM
9. 2026-06-13
   days on market $237,500 Active 36 DOM
10. 2026-06-09
    days on market $237,500 Active 33 DOM
11. 2026-06-09
    price $237,500 Active 32 DOM
12. 2026-06-08
    days on market $238,900 Active 32 DOM
13. 2026-06-07
    days on market $238,900 Active 31 DOM
14. 2026-06-03
    days on market $238,900 Active 27 DOM
15. 2026-06-03
    price $238,900 Active 26 DOM
16. 2026-06-02
    days on market $239,900 Active 26 DOM
17. 2026-06-01
    days on market $239,900 Active 25 DOM
18. 2026-05-31
    days on market $239,900 Active 24 DOM
19. 2026-05-30
    days on market $239,900 Active 23 DOM
20. 2026-05-07
    listed $244,900 Active 1213-char remark

    Show marketing remark (1213 chars)

    NEW CONSTRUCTION. MOVE-IN READY! Welcome to this beautiful New Anastasia Model in Citrus Springs, a 3-bedroom, 2-bathroom home with 1,409 square feet of living space and 2,057 total square feet. Built with quality concrete block construction, this home features a 30-year architectural shingle roof, energy-efficient double-pane windows, a 10-year structural warranty, and luxury vinyl plank flooring in the main living areas and bedrooms. The kitchen offers stainless steel appliances, custom white shaker cabinets with soft-close drawers, and granite countertops for a clean, modern look. The primary bedroom includes a tray ceiling with crown molding and a large walk-in closet, while the primary bathroom features a large shower and a double vanity with granite countertops. The second bathroom includes a tub with a shower and a single vanity with granite countertops. This home also includes multiple storage closets, a dedicated laundry room with washer and dryer hookups, covered front and rear porches, a shaker-finish gable, and an attached 2-car garage with an opener and remotes. Enjoy ownership freedom with no homeowners association fees and a high-and-dry location with no flood insurance required.

21. 2026-05-07
    listed $244,900 Active

    Show marketing remark (1213 chars)

    NEW CONSTRUCTION. MOVE-IN READY! Welcome to this beautiful New Anastasia Model in Citrus Springs, a 3-bedroom, 2-bathroom home with 1,409 square feet of living space and 2,057 total square feet. Built with quality concrete block construction, this home features a 30-year architectural shingle roof, energy-efficient double-pane windows, a 10-year structural warranty, and luxury vinyl plank flooring in the main living areas and bedrooms. The kitchen offers stainless steel appliances, custom white shaker cabinets with soft-close drawers, and granite countertops for a clean, modern look. The primary bedroom includes a tray ceiling with crown molding and a large walk-in closet, while the primary bathroom features a large shower and a double vanity with granite countertops. The second bathroom includes a tub with a shower and a single vanity with granite countertops. This home also includes multiple storage closets, a dedicated laundry room with washer and dryer hookups, covered front and rear porches, a shaker-finish gable, and an attached 2-car garage with an opener and remotes. Enjoy ownership freedom with no homeowners association fees and a high-and-dry location with no flood insurance required.

22. 2025-06-11
    soldstatus $23,000 Closed 654-char remark

    Show marketing remark (654 chars)

    Spacious Wooded Lot in Citrus Springs! Lot Size: . 23 Acres (80 x 125 feet), Wooded lot offering a natural setting Level and flat terrain, Located in a home's only area with newer homes surrounding, ensuring a desirable and peaceful neighborhood, Short commute to Crystal River and Dunnellon, easy access to local amenities and outdoor activities, Public water available on-site; septic system required, Ideal location for your dream home with plenty of space and tranquility, This lot provides the perfect balance of privacy and convenience in a beautiful, growing community. Don’t miss out on the opportunity to build your home in Citrus Springs!

23. 2025-05-23
    status Pending 654-char remark

    Show marketing remark (654 chars)

    Spacious Wooded Lot in Citrus Springs! Lot Size: . 23 Acres (80 x 125 feet), Wooded lot offering a natural setting Level and flat terrain, Located in a home's only area with newer homes surrounding, ensuring a desirable and peaceful neighborhood, Short commute to Crystal River and Dunnellon, easy access to local amenities and outdoor activities, Public water available on-site; septic system required, Ideal location for your dream home with plenty of space and tranquility, This lot provides the perfect balance of privacy and convenience in a beautiful, growing community. Don’t miss out on the opportunity to build your home in Citrus Springs!

24. 2025-04-09
    price $24,500 654-char remark

    Show marketing remark (654 chars)

    Spacious Wooded Lot in Citrus Springs! Lot Size: . 23 Acres (80 x 125 feet), Wooded lot offering a natural setting Level and flat terrain, Located in a home's only area with newer homes surrounding, ensuring a desirable and peaceful neighborhood, Short commute to Crystal River and Dunnellon, easy access to local amenities and outdoor activities, Public water available on-site; septic system required, Ideal location for your dream home with plenty of space and tranquility, This lot provides the perfect balance of privacy and convenience in a beautiful, growing community. Don’t miss out on the opportunity to build your home in Citrus Springs!

25. 2025-03-23
    price $25,900 654-char remark

    Show marketing remark (654 chars)

    Spacious Wooded Lot in Citrus Springs! Lot Size: . 23 Acres (80 x 125 feet), Wooded lot offering a natural setting Level and flat terrain, Located in a home's only area with newer homes surrounding, ensuring a desirable and peaceful neighborhood, Short commute to Crystal River and Dunnellon, easy access to local amenities and outdoor activities, Public water available on-site; septic system required, Ideal location for your dream home with plenty of space and tranquility, This lot provides the perfect balance of privacy and convenience in a beautiful, growing community. Don’t miss out on the opportunity to build your home in Citrus Springs!

26. 2025-03-11
    listed $27,900 Active 654-char remark

    Show marketing remark (654 chars)

    Spacious Wooded Lot in Citrus Springs! Lot Size: . 23 Acres (80 x 125 feet), Wooded lot offering a natural setting Level and flat terrain, Located in a home's only area with newer homes surrounding, ensuring a desirable and peaceful neighborhood, Short commute to Crystal River and Dunnellon, easy access to local amenities and outdoor activities, Public water available on-site; septic system required, Ideal location for your dream home with plenty of space and tranquility, This lot provides the perfect balance of privacy and convenience in a beautiful, growing community. Don’t miss out on the opportunity to build your home in Citrus Springs!

27. 2024-06-21
    soldstatus $17,000 Closed
28. 2024-06-04
    status Pending
29. 2024-05-28
    listed $15,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,966
• − Mortgage interest: −$13,248
• − Property taxes: −$3,548
• − Insurance: −$1,182
• − Repairs & maintenance: −$1,837
• − Management: −$1,837
• − Depreciation: −$6,880
• Taxable loss: −$5,566
• Est. tax savings @ 24.0%: +$1,336
• After-tax cash flow: $-134/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Citrus
• NCES district ID: 1200270
• Math proficiency: 49% ▼ -10.00%
• Reading proficiency: 50% ▼ -6.00%
• Median HH income: $38,618
• Composite: 41.28/100
• National rank: #3519
• State rank: #44 of 73 in FL

Livability — Citrus Springs

• Score: 68/100
• State rank: #521
• US rank: #9598

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment D+ Housing A+ Health & safety C- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Citrus Springs, FL
• County: Citrus County · 111,314 people
• City population: 10,730
• Metro: Homosassa Springs, FL
• Population (ZIP): 11,074
• Household income: $68,939
• Rent vs Own: 12.4% rent · 87.6% own
• Severe rent burden: 171.0

Population outlook (Citrus County) Hauer SSP2

• Today (2025): 138,622 people
• By 2030: 136,886 · -1.3%
• By 2040: 132,009 · -4.8%
• By 2050: 125,196 · -9.7%
• By 2075: 108,570 · -21.7%
• By 2100: 84,454 · -39.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Two or more races 11% Hispanic / Latino 9% Black 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Iranian 3% Romanian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Citrus

• 2024 margin: Solid R (+45.9) · D 26.8% · R 72.6%
• 2008→2024 swing: -29.8pp toward R · 2008: -16.1pp · 2024: -45.9pp
• All cycles: 2024: R+45.9 2020: R+41.0 2016: R+39.7 2012: R+21.9 2008: R+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -9.70%
• Current HPI: 328.2164
• Rent YoY: —
• Metro: Homosassa Springs, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+1532.7% since first listed

10 events — show timeline

• 2026-05-07 Listed $244,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Listed $244,900 RACC
• 2025-06-11 Sold (MLS) $23,000 RACC
• 2025-05-23 Pending — RACC
• 2025-04-09 Price Changed $24,500 RACC
• 2025-03-23 Price Changed $25,900 RACC
• 2025-03-11 Listed $27,900 RACC
• 2024-06-21 Sold (MLS) $17,000 RACC
• 2024-06-04 Pending — RACC
• 2024-05-28 Listed $15,000 RACC